Jump Trading Resumes Selling Ethereum
Jump Trading has resumed selling Ethereum, according to on-chain data from Arkham Intelligence. The entity recently claimed 17,049 ETH worth $46.44 million from Lido and sold it. Last week, Ethereum fell to a fresh low from five months ago after Jump Trading began selling the currency. The price of Ethereum fell by more than 21% in 24 hours. Since July 24, Jump Trading has sold over $377 million worth of Wrapped Lido Staked ETH (wstETH).
Recent Actions by Jump Trading
Today, it is confirmed that Jump Trading has started selling again. On-chain data shows that Jump Trading claimed $17,049 ETH from Lido, worth $46.44 million, and transferred it for sale on August 14. Ethereum is currently worth $2,726, down 0.2% in the past hour and surging 3.4% in the past 24 hours. The global cryptocurrency market capitalization remains unaffected, reaching $2.23 trillion, surging 2.41% in the past 24 hours.
Market Impact and Future Outlook
The recent actions of Jump Trading have had a significant impact on the price of Ethereum. It will be interesting to see how the market reacts to these developments in the coming days. As the cryptocurrency landscape continues to evolve, investors and traders should stay vigilant and informed to make educated decisions.
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